FIELD ACTIVITIES / HEGCO Canada updates Oklahoma Operations
EDMOND, Oklahoma, Feb. 18 /CNW/ - The President and chairman of HEGCO
Canada, Inc., Douglas C. Hewitt, announced today an update on progress within
the Company's Oklahoma operations. As indicated in a previous release, a
general status report on Oklahoma is as follows:
1) The Nemaha No. 1 - Has been flow tested from the lower Arbuckle zone
at a daily rate of 139 BO plus approximately 110,000 cubic feet of gas per
day. The well will be hooked up, and all surface equipment installed, within
the next two days. Management has encountered substantial pay zones above the
productive Arbuckle interval, and as a result, is now considering twinning the
well for two prolific sections of Wilcox.
2) The Guame No. 2-98 - Company will begin flow testing from the lower
Arbuckle zone this week. As with the Nemaha No. 1, the well will be hooked up,
and all surface equipment installed, within the next two to three days.
Management has encountered substantial pay zones above the productive Arbuckle
interval, and as a result, is now considering twinning the well for two
prolific sections of Wilcox.
The Alberta No. 3 has been drilled and is awaiting completion. Testing
will begin after completion operations are done on the Guame No. 2-98 well.
During drilling, several good oil shows were observed over several known pay
intervals.
Drilling is underway on the Meier No. 2 well, located in the NE Garber
Field. The Company expects to be at total depth within 20 days. This well is
being drilled to develop infield gas pay. The exploratory objectives will
include drilling deeper than the pay objective to test and evaluate the deeper
Arbuckle and Wilcox series.
HEGCO Canada, Inc., is an Alberta, Canada, corporation traded on the
Alberta Stock Exchange under the trading symbol, ''HEG''. The Company is an
oil and gas production, servicing and drilling company with operations in
Oklahoma and Arkansas.
On behalf of the Board:
Douglas C. Hewitt,
Chairman, Director |
